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… we use linear regression analysis to investigate potential correlation between initial return and aftermarket performance. Our main contribution is that we examine if the initial return for IPO-firms affect aftermarket performance, which has not previously been studied on the …
The primary purpose of this paper is to find the determinants of first-day returns on the Stockholm Stock Exchange. Our research will cover the 1996 ? 2004 periods. Our secondary purpose is intended to find a profitable trading strategy with regard to future IPOs on the …
En empirisk studie av 3- samt 4-faktors CAPM
… by using Fama & French’s (1993) 3-factor and Carhart’s (1997) 4-factor CAPM. Initially we form stock portfolios based on companies characterized by high book-to-market values, additionally, we divide them into different performance classes by ranking them with Piotroski’s (2000) …
… exempel på dessa förutsättningar är antalet arbetstrådar som arbetar mot kön, initial storlek hos kön samt olika pinning strategier. Initial storlek beskriver hur många element som befinner sig i kön vid experimentens start och pinning strategi beskriver vilken kärna varje tråd …
En studie av aktierekommendationers kurspåverkan över tid
… efficient according to the efficient market hypothesis. This study examines initially if we can conclude that stock recommendations made by journalists generate returns above the expected returns, hence abnormal returns. Further we examine the hypothesis that the market should …
This paper is an event study on Initial Public Offering’s return behavior after the dot com bubble. Cumulative Abnormal Returns are used to measure the performance against a market index. The results suggest that the market correctly prices IPOs in the long run thus upholding …
a Cost Benefit Analysis of the socio-economic effects from implementing new clean drinking water technologies in rural India
… Airwaterwell yielded a return on investment of 4,66 (0,87-19,0) times the initial amount. At current cost level, it was not able to match the performance of the Solvatten unit, but out-performed the more technologically related Electrolux Oxy-3 heatpump. With the model …
The purpose of this thesis is to investigate the price effect on the initial day of trading of IPOs and the price effect on the announcement day of SEOs on Stockholm Stock Exchange. A second purpose it to conduct studies on which factors influencing the price effects and if …
Effekter på aktiekursen hos företag som återköper aktier
… i samband med annonseringen. Flertalet studier visar också på att den initiala effekten är ofullständig och att aktierna i de företag som återköper egna aktier uppvisar betydande kursökningar under en 3- 4årsperiod, jämfört med jämförelseindex, efter det att återköpsprogrammen …
Har nyintroduktioner genererat högre avkastning än NASDAQ OMXSPI?
Denna studie har genomförts i syfte att undersöka huruvida nyintroduktioner generar en överavkastning i förhållande till OMXSPI på svenska handelsplatser under en börsuppgång och en börsnedgång för olika tidsintervall och branscher. Studien har undersökt nyintroduktioner …
En studie om lagen om allmännyttiga bostadsaktiebolags påverkan på investeringsprocessen.
… case study demonstrated a change in the company’s behavior, mainly in the initial stage in the capital budgeting process as well as in the decision-making stage. The company makes investments with greater caution, careful calculations are more important and the company has …
… The parameters of flexibility and quality assurance may however cover any initial investment in a production system. Our purpose is to value flexibility and quality in a manufacturing context, applied to DAS, in order to use it in investment calculations. In order to make an …
samband mellan prissättning och ägande vid en börsintroduktion
… extraordinary profit was the underpricing of that specific stockduring its initial public offering (IPO).Our report aims to analyze the relationship between offer price, underpricing and theownership structure of stocks. Our investigation is based on all IPO’s on the Stockholm …
… every occasion of oversubscribing. For the studied population, including 138 initial public offerings, the average market value rise is 15 per cent the first day. When we made our calculations, adjustments have been made for the general index of Affärsvärlden (AFGX). The revenue …
… every occasion of oversubscribing. For the studied population, including 138 initial public offerings, the average market value rise is 15 per cent the first day. When we made our calculations, adjustments have been made for the general index of Affärsvärlden (AFGX). The revenue …
